Articles tagged 'tax'

New govt health levy to hit mobile subscribers 11 April 2017 HARARE - The decision by President Robert Mugabe's stone-broke government to implement a five percent health levy on airtime and mobile data will hit hard long-suffering ordinary Zimbabweans who are reeling from multiple effects of a dying economy, experts say. This comes as two weeks ago, gov...
Zimra surpasses target 10 April 2017 HARARE - Tax collector, Zimbabwe Revenue Authority (Zimra), on Friday said it surpassed its first quarter 2017 collection target on the back of improved collections. Zimra said it had surpassed its first quarter target with gross collections coming in at $862,4 million, six percent above targe...
Zim's multiple taxes stalling progress 4 April 2017 HARARE - The clueless and desperate Zanu PF administration has come up with a raft of new taxes, further strangling its overtaxed citizens. President Robert Mugabe’s government last Thursday imposed a new 10 percent tax on tobacco sales, resulting in angry farmers threatening to withhold their...
'Zimbos' now taxed to death 2 April 2017 HARARE - President Robert Mugabe's cash-strapped government is going for broke — slapping long-suffering poor Zimbabweans with a raft of new taxes in its desperate efforts to raise revenue to meet its obligations, including paying its restive workers on time. So financially distressed has the ...
Spot fines hike spurs outrage 2 April 2017 HARARE - Zimbabwean authorities have generated outrage after increasing spot fines by up to 100 percent to try to deter road carnage, to the bemusement and anger of many motorists. Motorists demanded a rollback of that increase to make sure spot fines remain affordable. This comes as Financ...
Crisis as the govt hikes farmers' tax 1 April 2017 HARARE - President Robert Mugabe’s stone-broke government has imposed a new 10 percent tax on tobacco sales, prompting angry farmers to threaten to withhold their crops for the current marketing season. This comes as impoverished Zimbabweans are reeling from a wave of other additional taxes th...
Broke govt hikes traffic spot fines 30 March 2017 HARARE - President Robert Mugabe's stone-broke government has increased traffic spot fines by nearly 100 percent, in a controversial move it claims will reduce road accidents. This comes as Finance minister Patrick Chinamasa has just slapped suffering small businesses — including hair salons, ...
Concern over Zim's multiple taxes 29 March 2017 HARARE - The raft of taxes imposed by the hard-pressed government could do more harm than good to Zimbabwe's economy, as the move overburdens long-suffering citizens and threatens small businesses' survival, economic analysts have warned. They said as the desperate President Robert Mugabe admi...
Health levy comes into force 29 March 2017 HARARE - Government has begun deducting a five percent health levy on all airtime purchases in a desperate bid to raise funds to acquire drugs and equipment for public hospitals. Finance minister Patrick Chinamasa proposed in his 2017 National Budget to introduce the tax on airtime and mobile ...
Govt to tax kombis, hairdressers 28 March 2017 HARARE - Broke President Robert Mugabe's government has introduced taxes for commuter operators – popularly known as kombis – and hairdressers, as part of desperate moves to raise funds. According to last Friday's gazette, authorities were given legal teeth to compel the “operators of hairdres...
'Tich Mataz has case to answer' 16 March 2017 HARARE - A Harare magistrate yesterday ruled that popular television and radio personality Tichafa Matambanadzo had a case to answer as he dismissed an application filed for discharge at the close of his tax evasion case. Matambanadzo is being charged with contravening Section 182 of the Excis...
Malawi Times sealed off 13 January 2017 BLANTYRE - The  Malawi Revenue Authority (MRA) has today sealed Times Group offices in Blantyre over tax arrears the media group owes government. Operations at Malawi's privately-owned media business, The Times Group, have been stopped after officials from the revenue authority, accompanied by...
Zim mulls new mining tax 10 January 2017 HARARE - Zimbabwe is planning to introduce a new mining tax this year aimed at boosting the country's depleting revenue streams, businessdaily has established. Finance minister Patrick Chinamasa said the country has engaged an unnamed tariff consultancy firm from Norway to come up with the new...
'Zimra car importers crackdown illegal' 31 July 2016 HARARE - Zimbabwe Revenue Authority (Zimra)'s recently-launched crackdown on car importers is illegal and exposes the tax collector to litigation, constitutional law experts said. Last week, Zimra announced that it was probing vehicles imported into Zimbabwe between January 2014 and June 2016 ...
Zimra cracks down on vehicle importers 27 July 2016 HARARE - The Zimbabwe Revenue Authority (Zimra) has launched a crackdown against car importers as it bids to stamp out corrupt practices and revenue leakages which have seen the authority suspending its top management. This also comes as the tax agency has been engulfed in a scandal of its own...
Zimra threatens court action 4 July 2016 HARARE - The Zimbabwe Revenue Authority (Zimra) has threatened to take legal action against tax defaulters in an effort boost its dwindling coffers. This comes as the national tax debt rose to 31 percent in the first quarter to $2,5 billion weighed by private entity debt as company closures an...
Noic gets tax 'exemption' 31 May 2016 HARARE - Finance minister Patrick Chinamasa has extended an olive branch to struggling National Oil Infrastructure Company of Zimbabwe (Noic) by temporarily exempting the state-owned enterprise from paying taxes. “The minister of Finance hereby declares the income accruing to Noic of the prepa...
Miners welcome tax review 25 May 2016 HARARE - The mining industry has commended government’s efforts to review the country’s mining tax system in line with international price fluctuations. This was after the Zimbabwe Revenue Authority (Zimra) last week said there was need to redesign the mining taxation regime in a bid to enhanc...
Mining tax regime unfair: Zimra 16 May 2016 HARARE - The Zimbabwe Revenue Authority (Zimra) says the country’s mining tax regime must be reviewed, in the wake of shrinking royalties over the past year from the sector. Zimra chairperson Willia Bonyongwe last week said the authority continued to hold discussions with government over the i...
Grim tax stats, time for urgent action 16 May 2016 HARARE - Last week, tax collector Zimbabwe Revenue Authority (Zimra) announced that tax arrears — owed mainly by privately-owned enterprises — had ballooned to $2,58 billion in the first quarter of 2016 from $1, 97 billion in the previous year. The authority's chairperson, Willia Bonyongwe, sa...
Tax arrears balloon: Zimra 13 May 2016 HARARE - Zimbabwe Revenue Authority (Zimra) says tax arrears have ballooned to $2,58 billion from $1,97 billion last year as privately-owned enterprises are increasingly failing to service their tax obligations due to the country’s continued economic meltdown. The national tax collector’s chai...
More Zimra officials nabbed 12 May 2016 HARARE - More Zimbabwe Revenue Authority (Zimra) officials accused of swindling their employer of various amounts of money following botched car import deals, appeared in court yesterday. Zimra director internal audit, Clive Charles Manjengwa, 52, director loss control, Charlton Chihuri, 40, a...
Zimra officials up for abuse of duty 10 May 2016 HARARE - Two Zimbabwe Revenue Authority (Zimra) employees based at Mutare and Beitbridge boarder posts, who cashed in on undervaluing imported motor vehicles and swindled their employer of $200 000 collectively, appeared in court yesterday. Moses Jemedze, 36, a revenue officer at Beitbridge Bo...
Zimra targets Lumumba 1 May 2016 HARARE - Under-fire Zanu PF activist Acie Lumumba has been given a seven-day ultimatum to voluntarily disclose any outstanding taxes or face a lifestyle audit. Lumumba, who has publicly clashed with Youth minister Patrick Zhuwao, was however not amused by the letter alleging that there is a po...
Zhuwao tosses tax loophole to Chinamasa 4 April 2016 HARARE - Indigenisation minister Patrick Zhuwao says his ministry has approached Treasury after it emerged that amendments to Zimbabwe's black empowerment laws would, in the long run, force empowered employees to sell off their shares to meet tax obligations. Speaking on the sidelines of a mee...